Probably you're traveling abroad and wish to exchange some money or if you've friends who live in Sydney and want to visit them. In either case, having access to a reliable currency exchange service is essential. The best way to accomplish this is by using Remitbee Online currency exchange in Sydney, Canada.
Exchange Your Money With A Reputable Company
Remitbee is committed to ensuring that you have a positive experience trading with them. As such, they've complied with most of the regulatory authorities as explained below
Are they registered with FINTRAC and work with Canadian banks?
Their website is easy-to-use and full of information about their services.
If you’re interested in investing and buying US stocks in Canada, you need to check out other options when it comes to exchanging currency.
With Remitbee currency exchange, you can get the most out of your trading. Questrate, which is a popular option for those converting CAD to USD, charges 1.5-1.99%. However, Remitbee Currency Exchange charges you zero fees.
Once you start to invest in the thousands, you could be losing a ton of money just on fees alone! For example: Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing about $40 CAD.
- $50,000 worth of US stocks: You could be losing about $2,000 CAD
Currency exchange is the conversion of one currency into another. Quite often, currency exchange rates change daily.
In addition, they're set by the market, not by a central bank or government. As a result,currency exchanges rates can be unpredictable because they are influenced by many factors such as:
Inflation rates (which affect prices), economic growth abroad, political unrest, or war abroad.
Interest rates -theses are affected by where you live and what kind of savings account you have with your bank.
For instance, If your savings account pays 0% interest, no matter how often you change currencies, it still won't make sense because that's how much money there is left over after paying off all expenses associated with living on this planet.